William F. Casey has been named treasurer of Residential Capital LLC, a subsidiary of GMAC Financial Services, effective April 2.Mr. Casey, 44, succeeds Louise M. Herrle, who has served as treasurer at GMAC ResCap since September 2004. Ms. Herrle, who will remain through May to assist with the transition, is leaving full-time corporate involvement to pursue personal interests, including active community work, the company said. For the past 18 months, Mr. Casey has been managing director and assistant treasurer of GMAC ResCap. Before joining GMAC ResCap, Mr. Casey was senior vice president and treasurer of GMAC Residential in Horsham, Pa., and held senior banking and treasury positions at Merrill Lynch, Union Bank of Switzerland, Smith Barney, and Mellon Bank.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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